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Abadi: We are not with sanctions against any country .. We will send a delegation to America

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Abadi: We are not with sanctions against any country .. We will send a delegation to America

Post  RamblerNash on Tue Aug 28, 2018 10:30 pm

Abadi: We are not with sanctions against any country .. We will send a delegation to America

For understanding on financial dealings with Iran ...

28/08/2018 - 21:10 Iraq

Iraqi Prime Minister Haidar al-Abadi said on Tuesday that Iraq plans to send a delegation to the United States for an understanding on financial transactions with Iran after Washington re-imposed sanctions on Tehran.

Abadi was speaking at his weekly press conference.

Iraq imports many goods from Tehran, and also buys electricity from them.

Tehran cut off Iraq's power supply after Iraq was reluctant to pay its wages.

"We intend to send a delegation to Washington for an understanding on financial transactions with Tehran," Abadi said.

Abadi's comment was the first statement by an Iraqi official since well-informed sources said last week that Baghdad would ask Washington to release some sanctions because Iraq's economy was "closely linked to its neighbor, Iran."

"A delegation will travel to Washington to ask for exemptions from sanctions," Reuters quoted government and central bank officials as saying, but did not say when the visit would take place.

Officials say they are asking each ministry to draw up a list of necessary imports for the Iraqi economy. Exemptions will be requested for such goods.

Iraqi officials fear a shortage of basic goods, if Baghdad sticks to all sanctions, could cause political turmoil at a delicate time in Iraq's political landscape.

The value of goods imported by Iraq from Iran was about $ 6 billion in the 12 months to March 2018, accounting for about 15 percent of Iraq's total imports in 2017.

US sanctions, which came into effect earlier this month, targeted Iran's trade in gold and other precious metals, and Tehran's purchases of the US dollar and the country's auto industry.

The rest of the sanctions will take effect in November.


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